How to draw Support and Resistance Lines - Indicators, Earnings Gap (Day Trading Beginners $ROKU)
Trade with me: https://humbledtrader.com
How to draw support and resistance lines for day trading beginners using Thinkorswim platform? In this video I'll be going over a simple 3 STEP process for drawing support and resistance lines on $ROKU stock. And setting indicators for intraday trading.
🔽Time stamps:
1:24 Importance of volume breakouts on $ROKU
2:48 Drawing out visual daily gaps, earnings gaps
4:38 Adjust support and resistance price levels to touch multiple times in the past
6:03 Setting up EMA indicators in Thinkorswim
Videos mentioned:
How To Find Support And Resistance Levels (Easily) - Forex trading
https://www.youtube.com/watch?v=k4PIea7hTZI
Best day trading strategies for beginners
http://bit.ly/2YRC19F
How to trade penny stocks for beginners
http://bit.ly/2NZSqb3
How to draw support and resistance lines (Technical analysis for beginners ):
1. Start with daily chart (the levels are the strongest).
2. Adjust lines to land on major volume breakouts and breakdowns
3. Draw lines on visual daily gaps
4. Adjust each stock price level to touch at least 3 areas on the chart.
5. Double check the lines on the weekly chart (especially if you were swing trading for more than 2 days)
🖥️Recommended Trading Tools:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://lddy.no/m523
DAS Trader FREE 14 Day Trial (Trading Simulator & Broker Platform)
https://bit.ly/2Z4CdW0
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3cGJHlR
Interactive Brokers: https://bit.ly/2xNpQ5o
Interactive Brokers Canada: https://bit.ly/2SOIcu6
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
For business inquiries ONLY, you can reach me at HumbledTraderBusiness(at)gmail.com
📊Follow me on social for more updates:
IG @HumbledTrader
Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 11900
Видео How to draw Support and Resistance Lines - Indicators, Earnings Gap (Day Trading Beginners $ROKU) канала Humbled Trader
How to draw support and resistance lines for day trading beginners using Thinkorswim platform? In this video I'll be going over a simple 3 STEP process for drawing support and resistance lines on $ROKU stock. And setting indicators for intraday trading.
🔽Time stamps:
1:24 Importance of volume breakouts on $ROKU
2:48 Drawing out visual daily gaps, earnings gaps
4:38 Adjust support and resistance price levels to touch multiple times in the past
6:03 Setting up EMA indicators in Thinkorswim
Videos mentioned:
How To Find Support And Resistance Levels (Easily) - Forex trading
https://www.youtube.com/watch?v=k4PIea7hTZI
Best day trading strategies for beginners
http://bit.ly/2YRC19F
How to trade penny stocks for beginners
http://bit.ly/2NZSqb3
How to draw support and resistance lines (Technical analysis for beginners ):
1. Start with daily chart (the levels are the strongest).
2. Adjust lines to land on major volume breakouts and breakdowns
3. Draw lines on visual daily gaps
4. Adjust each stock price level to touch at least 3 areas on the chart.
5. Double check the lines on the weekly chart (especially if you were swing trading for more than 2 days)
🖥️Recommended Trading Tools:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://lddy.no/m523
DAS Trader FREE 14 Day Trial (Trading Simulator & Broker Platform)
https://bit.ly/2Z4CdW0
Cobra Trading (Best broker for shorting stocks, $30K min)
Get 25% off commissions, mention "Humbled Trader" at the time of account opening
https://bit.ly/3cGJHlR
Interactive Brokers: https://bit.ly/2xNpQ5o
Interactive Brokers Canada: https://bit.ly/2SOIcu6
🇨🇦Questrade Canada (get $50 FREE commission trades)
http://bit.ly/2GoeUMY
Webull Free Trading app (Get free stocks with $100 deposit)
http://bit.ly/2Lhtd9X
Get My Trading Station Set Up & Favorite Trading Books
https://www.amazon.com/shop/humbledtrader
For business inquiries ONLY, you can reach me at HumbledTraderBusiness(at)gmail.com
📊Follow me on social for more updates:
IG @HumbledTrader
Twitter @HumbledTrader18
#daytrading #pennystocks #stocks
___
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 11900
Видео How to draw Support and Resistance Lines - Indicators, Earnings Gap (Day Trading Beginners $ROKU) канала Humbled Trader
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